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Cadence buys Tensilica

Cadence buys Tensilica

Business news |
By eeNews Europe



Tensilica provides configurable dataplane processing units that are optimized for embedded data and signal processing targeted at mobile wireless, network infrastructure, auto infotainment and home applications with a wide range of customers, and the deal provides key IP for Cadence in its competition with Synopsys.
The company had backing from a wide range of companies, partners and investment firms over the last fifteen years, and compares favorably to the $100m price tag of MIPS last month.
“With Tensilica, we will be able to provide designers with a more complete SoC solution that will speed the development of innovative and differentiated products, while reducing time to market,” said Lip-Bu Tan, president and chief executive officer of Cadence. “We look forward to working with Tensilica’s dedicated employees as one team to bring even more value to our customers.”
“Joining Cadence will provide a broader platform to expedite our product development strategy and customer engagement," said Jack Guedj, president and chief executive officer of Tensilica. "We will have the ability to accelerate IP subsystem development and integration while providing a more extensive support network to our customers.”
Tensilica has its own Xtensa language and tools for customized DPUs to boost traditional custom hardware design, offering both time-to-market and programmability advantages and can be optimized to achieve optimal power, performance and area efficiency. Tensilica IP provides application-optimized subsystems that work with industry-standard CPU architectures.
“The acquisition of Tensilica by Cadence will be a positive move for the industry,” said Simon Segars, president of ARM Holdings, which is also a competitor to Tensilica. “We look forward to expanding our ongoing collaboration with Cadence to enable our customers to bring great products to market.”
Cadence intends to finance the transaction with available cash and an existing revolving credit facility and the deal is set to close in the second quarter.
www.cadence.com

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